We advised Texas Instruments on the notes offering

Davis Polk advised Texas Instruments Incorporated in connection with its SEC-registered offering of $500 million aggregate principal amount of its 5.000% senior notes due 2028, $500 million aggregate principal amount of its 5.350% senior notes due 2031, $500 million aggregate principal amount of its 5.500% senior notes due 2033 and $500 million aggregate principal amount of its 5.750% senior notes due 2036. Texas Instruments intends to use the net proceeds from the offering to finance a portion of the purchase price for the acquisition of Silicon Laboratories Incorporated and to pay related fees and expenses.

Texas Instruments designs and manufactures semiconductors that it sells to electronics designers and manufacturers all over the world. Its operations began in 1930 and it is incorporated in Delaware. With headquarters in Dallas, Texas, Texas Instruments has design, manufacturing or sales operations in more than 30 countries.

The Davis Polk corporate team included partner Emily Roberts and associate Ashley Jaworoski. The tax team included partner Lucy W. Farr, counsel Dustin Plotnick and associate David J. Beer. Counsel Sarah E. Kim and associates Rebecca Sattaur and Hamza Suhail provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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